Sovran Advisors LLC Cuts Stock Position in Capital Group Dividend Value ETF $CGDV

Sovran Advisors LLC decreased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,726 shares of the company’s stock after selling 25,031 shares during the quarter. Capital Group Dividend Value ETF comprises about 1.3% of Sovran Advisors LLC’s investment portfolio, making the stock its 11th largest position. Sovran Advisors LLC owned about 0.05% of Capital Group Dividend Value ETF worth $15,193,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Savvy Advisors Inc. grew its stake in shares of Capital Group Dividend Value ETF by 56.3% in the 4th quarter. Savvy Advisors Inc. now owns 8,384 shares of the company’s stock worth $366,000 after buying an additional 3,021 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Capital Group Dividend Value ETF by 49.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock valued at $10,734,000 after acquiring an additional 81,269 shares during the last quarter. Stratos Investment Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 1.9% in the 4th quarter. Stratos Investment Management LLC now owns 31,391 shares of the company’s stock valued at $1,370,000 after acquiring an additional 586 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Capital Group Dividend Value ETF by 1.1% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 204,371 shares of the company’s stock worth $8,919,000 after acquiring an additional 2,182 shares in the last quarter. Finally, Fearless Solutions LLC dba Best Invest grew its position in Capital Group Dividend Value ETF by 2.1% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 103,958 shares of the company’s stock worth $4,537,000 after acquiring an additional 2,116 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $42.69 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The business’s 50 day moving average is $44.39 and its two-hundred day moving average is $43.55. The stock has a market capitalization of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.